America’s Car-Mart, Inc. (CRMT) Expected to Post Earnings of $1.08 Per Share

Wall Street analysts forecast that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings per share of $1.08 for the current quarter, according to Zacks. Two analysts have made estimates for America’s Car-Mart’s earnings. The highest EPS estimate is $1.14 and the lowest is $1.02. America’s Car-Mart reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 80%. The company is expected to announce its next earnings report on Monday, February 18th.

According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $5.65 per share for the current year, with EPS estimates ranging from $5.15 to $6.00. For the next fiscal year, analysts expect that the firm will post earnings of $6.20 per share, with EPS estimates ranging from $5.65 to $6.87. Zacks’ EPS averages are an average based on a survey of analysts that cover America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, November 15th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.48. The business had revenue of $167.17 million for the quarter, compared to analysts’ expectations of $166.46 million. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.68%.

A number of research analysts recently issued reports on CRMT shares. Bank of America lifted their price objective on shares of America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. BidaskClub lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. TheStreet upgraded shares of America’s Car-Mart from a “c+” rating to a “b” rating in a research report on Wednesday, August 15th. Jefferies Financial Group restated a “hold” rating and issued a $82.00 target price on shares of America’s Car-Mart in a research report on Friday, August 17th. Finally, Janney Montgomery Scott upgraded shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $96.00 in a research report on Monday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $90.80.

NASDAQ:CRMT traded down $2.58 during mid-day trading on Friday, reaching $70.70. The stock had a trading volume of 58,527 shares, compared to its average volume of 107,532. The stock has a market capitalization of $486.65 million, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01. America’s Car-Mart has a 12 month low of $42.20 and a 12 month high of $89.85.

In other America’s Car-Mart news, Director Ray C. Dillon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were bought at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the acquisition, the director now owns 2,500 shares in the company, valued at $201,125. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray C. Dillon purchased 750 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were acquired at an average price of $83.41 per share, for a total transaction of $62,557.50. Following the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $125,115. The disclosure for this purchase can be found here. Company insiders own 10.00% of the company’s stock.

Several large investors have recently modified their holdings of CRMT. Morgan Stanley lifted its holdings in shares of America’s Car-Mart by 140.7% during the third quarter. Morgan Stanley now owns 197,013 shares of the company’s stock worth $15,407,000 after purchasing an additional 115,168 shares during the period. Matarin Capital Management LLC acquired a new position in shares of America’s Car-Mart during the third quarter worth $5,741,000. Acadian Asset Management LLC lifted its holdings in shares of America’s Car-Mart by 213.9% during the third quarter. Acadian Asset Management LLC now owns 76,335 shares of the company’s stock worth $5,970,000 after purchasing an additional 52,019 shares during the period. SG Americas Securities LLC acquired a new position in shares of America’s Car-Mart during the third quarter worth $3,969,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of America’s Car-Mart by 128.8% during the second quarter. Renaissance Technologies LLC now owns 69,272 shares of the company’s stock worth $4,288,000 after purchasing an additional 39,000 shares during the period. Institutional investors own 69.42% of the company’s stock.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Earnings History and Estimates for America`s Car-Mart (NASDAQ:CRMT)

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